The Memphis Grizzlies had until 5 p.m. ET Saturday to make a decision on Luke Kennard’s $14.8 million team option for next season. In a report from ESPN’s Adrian Wojnarowski, it was revealed that Memphis declined Kennard’s option, but both sides have a mutual interest in reaching a new deal in free agency.
This is definitely something that can make sense for both sides, because while Kennard probably won’t get $14.8 million or more per year, he could get a new contract that guarantees him more money overall. As for the Grizzlies, a new deal with Kennard would lock in one of the league’s best three-point shooters.
Kennard has shot an incredible 48.3% from beyond the arc since joining Memphis and has the third-best three-point percentage in NBA history at 43.9%. Kennard is also a very smart player and has optimized several lineups throughout his career, as his floor space and IQ can significantly raise the ceiling of any lineup he plays in.
Despite playing limited minutes, Kennard has been one of the Grizzlies’ most impactful players since arriving in 2023. He’s fit seamlessly alongside Ja Morant and the Grizzlies’ best rotation players, and Memphis could certainly benefit from re-signing him to watch that dynamic continue longer when he’s healthy.
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